Interested in bringing this course into your firm?

Focus on the Mission: Not-for-Profit Accounting and Reporting Today and Tomorrow (FMIS)

Customer Rating

☆☆☆☆☆

Field of Study

Accounting (Governmental)

Level

Intermediate

Credits

8

Qualifies for

YBCPE

Overview

All not-for-profits have a mission which defines their purpose and drives their operations. A not-for-profit’s financial statements tells the financial statement user how successful the entity has been in meeting its mission in the past and also provides an indication of the not-for-profit’s ability to achieve its mission in the future. This course will help you to master the key accounting and reporting rules that not-for-profits use to tell their story of mission achievement today. This course will also look at how some of those rules will change in the future with the FASB’s Financial Statements of Not-for-Profit Entities project. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of not-for-profit accounting and reporting.

Major Topics:

Distinguishing contributions from exchange transactions

Distinguishing between conditional and unconditional promises to give – discerning conditions from restrictions